Dream Unlimited (TSE:DRM) Hits New 1-Year High at $25.66

Dream Unlimited Corp. (TSE:DRM)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$25.66 and last traded at C$25.36, with a volume of 37194 shares. The stock had previously closed at C$23.49.

Analysts Set New Price Targets

Separately, TD Securities boosted their target price on Dream Unlimited from C$27.00 to C$30.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th.

Dream Unlimited Stock Performance

The stock has a 50-day simple moving average of C$20.28 and a 200-day simple moving average of C$20.15. The company has a market capitalization of C$1.05 billion, a price-to-earnings ratio of -7.29 and a beta of 1.34. The company has a current ratio of 1.90, a quick ratio of 0.67 and a debt-to-equity ratio of 133.32.

Dream Unlimited (TSE:DRM) last announced its earnings results on Tuesday, May 14th. The company reported C$0.22 earnings per share (EPS) for the quarter. The company had revenue of C$158.25 million for the quarter. Dream Unlimited had a negative return on equity of 9.51% and a negative net margin of 30.05%. On average, analysts anticipate that Dream Unlimited Corp. will post 1.8211921 earnings per share for the current year.

Dream Unlimited Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Friday, June 14th. Dream Unlimited’s dividend payout ratio is presently -18.07%.

Dream Unlimited Company Profile

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe.